Yesterday..............11 Feb 2022 10:23
Spot prices for lithium in Chinese markets showed strong gains in the first week after the lunar new year holidays in East Asia, due to sustained supply tightness in spot units.
• Chinese lithium prices continue uptrend after lunar new year break amid lingering tightness in the supply of spot units.
• Seaborne lithium prices rise amid tight availability and Chinese strength.
• Non-Chinese lithium prices are catching up with the Asian market, with demand outpacing supply.
Fastmarkets’ price assessment for lithium carbonate, 99.5% Li2CO3 min, battery grade, spot price range, exw domestic China, was 400,000-430,000 yuan ($62,833-67,545) per tonne on Thursday February 10, up by 50,000-60,000 yuan per tonne from 350,000-370,000 yuan per tonne a week earlier.
The corresponding assessment of the lithium hydroxide monohydrate, LiOH.H2O 56.5% LiOH min, battery grade, spot price range, exw domestic China, was 340,000-360,000 yuan per tonne on the same day, up by 50,000 yuan per tonne from 290,000-310,000 yuan per tonne a week earlier.